Formerly: Chair, Hermes Focus Asset Management, Chair, UN Environment Programme’s Finance Initiative, Director, International Corporate Governance Network, Currently: Independent Non-Executive, KPMG, and Executive Fellow, Judge Business School, Cambridge University
David Pitt-Watson is best known for his work on corporate governance and responsible investment. Until 2012, he was Chair of Hermes Focus Funds, and a board member of Hermes, one of Britain’s leading investment institutions. As co-founder and former CEO of the Focus Funds and Equity Ownership Service, he built and led the largest responsible investment group of any institutional fund manager in the world. These ventures were highly successful financially and became the seedbed for strategic change, improved corporate governance, and responsible investment practice in Britain.
Prior to Hermes, David worked for 17 years at Deloitte/Braxton, where he led its UK strategy consulting practice. Braxton was one of the pioneering strategy consultancies, which was purchased by Deloitte in 1984. He became Deloitte’s youngest consulting partner. In this role he acted as advisor to boards in the UK and around the world, including a number of groundbreaking assignments.
He has been involved in policy making in the UK, Europe and around the world, particularly in the field of corporate governance and financial market regulation. He established the RSA’s “Tomorrow’s Investor” programme. He was co-Chair of the UN Environment Programme’s Finance Initiative, in the run-up to the Paris climate talks, and a director of the International Corporate Governance Network, the global organisation of corporate governance investment professionals.
David is an Independent Non-Executive at KPMG, and an Executive Fellow at the Judge Business School, at Cambridge University.